Cassiar Gold Corp. announced assay results from an additional eight diamond drill holes from its recently completed 2023 exploration program. The results reported here are from the Main Mine and Bain targets located in the Cassiar South area of the Company's Cassiar Gold Property in northern British Columbia.

The 2023 Cassiar South drilling program is part of a continuing effort to further explore for a) new parallel veins associated with the high-grade, historically producing mines at Cassiar South, and b) fault offsets of past producing vein systems. Results remain pending for 21 drill holes totaling 7,588 metres (m) of drilling from the 2023 program. Highlights: The latest drilling results reported in this news release are from eight holes totaling 3,200 m from the Cassiar South project area, which were drilled near the historically producing Main Mine and Bain-Cusac areas. Drill hole 23MM-004 at the Main Mine area intersected a broad mineralized intercept which supports the interpretation of a more extensive mineralizing system than previously identified by the 2022 drill program, returning long intervals of mineralization including: 237.6 m of 0.67 g/t Au from 139.2 m downhole, including 8.3 m of 2.39 g/t Au with 1.4 m of.

All holes drilled at Cassiar South intersected gold-bearing quartz veins across target areas reported in this news release. Drilling at Cassiar South encountered gold-bearing quartz veins in altered mafic volcanics in all eight holes, which continues to reinforce the potential for ongoing expansion of known mineralization and potential to identify new mineralized areas along prospective structural corridors in this project area. Four drill holes which are reported here, totaling 1,556 m in cumulative length, aimed to expand mineralization identified in 2022 which occurred 260 m northwest of previously mined vein segments at the Main Mine area, as well as test for potential new veins parallel to the past-producing Rory vein at Main Mine.

All four drill holes reported here successfully intersected gold- bearing quartz veins at the Main Mine target area. The 2023 drill campaign extended recently identified gold mineralization associated with extensive strong alteration and minor quartz veining 180 m beyond mine infrastructure and confirmed the down dip extension of mineralization associated with the Main Mine system. Drill holes 23MM-004, 23MM-006, 23MM-007, and 23MM-005.

Drill holes 23MM-005 are southeast-oriented holes designed to test for potential parallel vein sets north and west of Main Mine infrastructure as follow up to mineralized intercepts encountered during the 2022 drill program, which intersected extensive quartz veining, alteration, and gold mineralization in an area where veining had not previously been identified. Drill hole 23MM-005 (southeast directed) is a 200 m southwest step out drill hole that was designed to test for an interpreted extension of mineralization identified by the 2022 program. This drill hole was also planned to evaluate the potential for additional shallow vein systems parallel to past producing vein segments of the Main Mine system, up to 200 m north of historical surface drill holes.

Quality Assurance (QA) and Quality Control (QC). The 2023 Cassiar drilling program comprises HQ drill core oriented using the REFLEX ACTIII system. Drill core samples are selected and logged by geologists prior to being cut in half using a diamond cutting saw at a secure facility located in Jade City, British Columbia.

These include, but are not limited to, general economic, market or business conditions, risks associated with the exploration and development industry in general (e.g., operational risks in development, exploration and production.